Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksBuy South Indian Bank at around Rs 18-19: Prakash Gaba

    Buy South Indian Bank at around Rs 18-19: Prakash Gaba

    Prakash Gaba of prakashgaba.com advises buying South Indian Bank at around Rs 18-19.

    May 15, 2017 / 16:08 IST

    Prakash Gaba of prakashgaba.com told CNBC-TV18, "South Indian Bank can come slide down back again to zones of Rs 18-20. If it happens then you can add more there and what you add more, sell Rs 10 higher and continue holding it."

    "The stock does not look weak to me; it tells me that it is into consolidation. Sooner or later once it breaks out from Rs 30, it goes to Rs 40-45 zones. So, it is good in the long-term, only thing is one needs to average it down," he added.

    first published: May 15, 2017 04:08 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347